Unemployment refers to the share of the labor force that is without work but available for and seeking employment. Hong Kong unemployment rate for 2020 was 5.80%, a 2.84% increase from 2019. Hong Kong unemployment rate for 2019 was 2.96%, a 0.08% decline from 2018.
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What is the unemployment rate in HK?
Hong Kong’s unemployment rate dropped to 4.5 per cent in the three months to the end of September, a new low since the coronavirus pandemic began, with the local economy gathering pace after the roll-out of the government’s multibillion-dollar e-voucher scheme.
What country has highest unemployment?
Burkina Faso
In 2017, Burkina Faso had the highest unemployment rate in the world, at 77 percent. This means that for every 100 members of the workforce, 77 did not have jobs at the time of the survey.
What country has the highest unemployment rate 2020?
Here are the 10 countries with the highest rates of unemployment:
- Burkina Faso (77.00%)
- Syria (50.00%)
- Senegal (48.00%)
- Haiti (40.60%)
- Kenya (40.00%)
- Djibouti (40.00%)
- Republic of the Congo (36.00%)
- Marshall Islands (36.00%)
How high are the levels of employment in Hong Kong?
3882.40 Thousand
Employed Persons in Hong Kong averaged 3188.11 Thousand from 1981 until 2021, reaching an all time high of 3882.40 Thousand in August of 2018 and a record low of 2370.60 Thousand in March of 1983.
What is the poverty rate in Hong Kong?
The poverty line, calculated at half of the city’s median monthly income, stands at HK$4,400 for one person and HK$20,400 for a four-person household. The 2020 poverty rate before government intervention rose from 21.4 per cent in 2019, while the actual poverty rate fell from 9.2 per cent.
What is the average wage in Hong Kong?
The median monthly wage of employees in Hong Kong rose 1.5% to $18,400 in May-June 2020, the Census and Statistics Department (C&SD) has reported. This is slightly higher than the $18,200 median recorded in the same period in 2019.
What is China’s unemployment rate?
In 2020, the rate of registered unemployment in urban areas of China increased to about 4.2 percent due to the COVID-19 pandemic.
Unemployment rate in urban China from 2010 to 2020 with forecasts until 2026.
| Characteristic | Unemployment rate |
|---|---|
| 2020 | 4.24% |
| 2019 | 3.62% |
| 2018 | 3.8% |
| 2017 | 3.9% |
Which country has best economy?
- United States. 2019 Nominal GDP in Current U.S. Dollars: $21.43 trillion3
- China. 2019 Nominal GDP in Current U.S. Dollars: $14.34 trillion3
- Japan. 2019 Nominal GDP in Current U.S. Dollars: $5.08 trillion3
- Germany. 2019 Nominal GDP in Current U.S. Dollars: $3.86 trillion3
- India.
- United Kingdom.
- France.
- Italy.
What percentage of Australia is unemployed?
5.3%
This statistics presents the unemployment rate in Australia from 2016 to 2020, with projections up until 2026. Unemployment occurs when people are without work, it is also known as joblessness.
Australia: Unemployment rate from 2016 to 2026*
| Characteristic | Unemployment rate |
|---|---|
| 2020 | 6.49% |
| 2019 | 5.16% |
| 2018 | 5.3% |
| 2017 | 5.59% |
What country has the highest unemployment rate in Asia?
In 2020, the unemployment rate in Afghanistan amounted to 11.73 percent of the labor force. In comparison, the unemployment rate in Cambodia amounted to 0.31 percent of the total labor force in 2020.
Unemployment rate in Asia Pacific in 2020, by country.
| Characteristic | Unemployment rate |
|---|---|
| – | – |
What is the unemployment rate in Germany?
This statistic shows the annual average unemployment rate in Germany from 2005 to 2021. For 2021 thus far, the annual average unemployment rate amounted to 5.9 percent.
Annual average unemployment rate in Germany from 2005 to 2021.
| Characteristic | Unemployment rate |
|---|---|
| 2021¹ | 5.9% |
| 2020 | 5.9% |
| 2019 | 5% |
| 2018 | 5.2% |
Why is Egypt unemployment rate so high?
The unemployment issue in Egypt is mainly about the educated youth seeking its first job. The mismatch of skills between job requirements and the qualification of job seekers, the high reservation wage of new school leavers, and limited labor mobility are at the root of the problem.
What jobs do people have in Hong Kong?
With an economy that depends on the service sector for more than 90% of the GDP, there are certain industries that offer most job opportunities in Hong Kong: accounting and finance, architecture and urban planning, banking, healthcare and life sciences, management and human resources, ICT and e-commerce, and
Why do people work in Hong Kong?
Why Work In Hong Kong? One of the main draws of Hong Kong is the opportunity for career growth. Whether you are working in finance, trade, education or technology, these areas offer real growth and career opportunities.It is worth looking at what sector you are in and what opportunities there are in Hong Kong.
How many jobs are in Hong Kong?
Total workforce in Hong Kong 2010-2020. This statistic depicts the total work force in Hong Kong from 2010 to 2020. In 2020, around 3.66 million people had been employed in Hong Kong.
How many US citizens live in Hong Kong?
85,000 Americans
There were estimated to be 85,000 Americans in Hong Kong as of 2018.
How many millionaires are there in Hong Kong?
Countries by number and percentage of millionaires
| Country or subnational area | Number of millionaires (USD) | Share of global millionaires (USD) (%) |
|---|---|---|
| Hong Kong * | 520,000 | 0.9 |
| Belgium * | 514,859 | 0.9 |
| Austria * | 346,172 | 0.6 |
| Denmark * | 306,823 | 0.5 |
What country has the lowest poverty rate in the world?
Iceland
Iceland has the lowest poverty rate among OECD’s 38 member countries, Morgunblaðið reports. The poverty rate is defined by OECD as “the ratio of the number of people (in a given age group) whose income falls below the poverty line; taken as half the median household income of the total population.”
Is 50000 a good salary in Hong Kong?
The top 10% earns around HKD 40,000+. But let’s assume that you are a single young professional, looking to move to HK, and would like to enjoy a reasonable level of social life, I would say HKD 50,000 is a decent starting point.
How much is a good salary in HK?
The average salary in Hong Kong is much higher. It is also a good figure to base you research on, if you are coming to HK as an expat. The current average salary per month is 19100 HKD (2430 USD) for male workers and 14700 HKD (1875 USD) for female workers.
